Prior to the introduction of adjustable rate mortgages, the FHLBB approved the use of
A) variable rate mortgages.
B) renegotiable rate mortgages.
C) both a and b.
D) neither a or b.

Name: Prior to the introduction of adjustable rate mortgages, the FHLBB approved the use of A) variable rate mortgages. B) renegotiable rate mortgages. C) both a and b. D) neither a or b.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

The first non-fixed-rate mortgage plan was the adjustable rate mortgage known as a variable rate mortgage.

Prior to the Introduction of Adjustable Rate Mortgages, the FHLBB